Analysts Set $42.50 Price Target for National Bankshares Inc. (NKSH)

Shares of National Bankshares Inc. (NASDAQ:NKSH) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $42.50 for the company, according to Zacks. Zacks has also assigned National Bankshares an industry rank of 158 out of 255 based on the ratings given to related companies.

A number of analysts recently weighed in on NKSH shares. BidaskClub downgraded National Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Sandler O’Neill upgraded National Bankshares from a “hold” rating to a “buy” rating and set a $42.50 price objective for the company in a report on Monday, February 4th. They noted that the move was a valuation call.

NASDAQ NKSH opened at $42.29 on Friday. The firm has a market capitalization of $284.83 million, a P/E ratio of 18.50 and a beta of 0.46. National Bankshares has a twelve month low of $33.65 and a twelve month high of $49.75.

National Bankshares (NASDAQ:NKSH) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. National Bankshares had a return on equity of 8.62% and a net margin of 31.70%.

In related news, Director Jack M. Lewis acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was acquired at an average cost of $36.50 per share, for a total transaction of $109,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman V. Fitzwater III purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $41.78 per share, for a total transaction of $41,780.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $208,900. The disclosure for this purchase can be found here. Insiders purchased 5,499 shares of company stock valued at $209,232 over the last 90 days. 3.73% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc boosted its position in National Bankshares by 0.6% during the third quarter. Vanguard Group Inc now owns 268,441 shares of the bank’s stock valued at $12,201,000 after acquiring an additional 1,605 shares during the last quarter. BlackRock Inc. boosted its position in National Bankshares by 0.9% during the third quarter. BlackRock Inc. now owns 473,758 shares of the bank’s stock valued at $21,532,000 after acquiring an additional 4,043 shares during the last quarter. BB&T Securities LLC boosted its position in shares of National Bankshares by 38.5% during the 4th quarter. BB&T Securities LLC now owns 9,020 shares of the bank’s stock worth $328,000 after purchasing an additional 2,507 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of National Bankshares by 60.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,599 shares of the bank’s stock worth $254,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of National Bankshares by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 268,441 shares of the bank’s stock worth $12,201,000 after purchasing an additional 1,605 shares in the last quarter. 37.98% of the stock is currently owned by institutional investors and hedge funds.

About National Bankshares

National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposits, and individual retirement accounts Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties.

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